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Hemang Jani suggests favoring Swiggy, Eternal, or Policybazaar over Nykaa among new-age companies, citing Nykaa's lackluster performance. He anticipates stable market conditions with a focus on the upcoming earnings season and potential sector rotation. While IndusInd Bank shows revival signs, Jani expresses near-term caution on the banking sector as a whole.
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News and Media
Asian Paints shares rose 8.3% in a week, driven by falling crude prices and improved margin outlook, despite a CCI probe into alleged market abuse. Strong technical signals support near-term gains, but regulatory risks persist.
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News and Media
Shares of Reliance Power and Reliance Infrastructure fell sharply after SBI classified Reliance Communications loan as fraud, implicating Anil Ambani. The move, based on a 2020 forensic audit, alleged diversion of Rs 12,692 crore. Ambanis legal team called the action ex parte and unjust, claiming it violates RBI norms and court rulings while ignoring his objections for nearly a year.
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